CES Energy Solutions (TSE:CEU) Price Target Raised to C$6.50

CES Energy Solutions (TSE:CEU) had its price target increased by stock analysts at National Bankshares from C$4.75 to C$6.50 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 20.37% from the company’s previous close.

A number of other brokerages have also issued reports on CEU. ATB Capital increased their target price on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. BMO Capital Markets increased their target price on shares of CES Energy Solutions from C$6.00 to C$8.00 in a research report on Tuesday. TD Securities increased their target price on shares of CES Energy Solutions from C$6.00 to C$7.00 in a research report on Thursday, April 18th. Finally, Raymond James upped their price target on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a “strong-buy” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CES Energy Solutions has an average rating of “Buy” and an average target price of C$6.70.

CES Energy Solutions Price Performance

Shares of CEU opened at C$5.40 on Wednesday. CES Energy Solutions has a 52 week low of C$2.30 and a 52 week high of C$5.80. The firm has a market cap of C$1.27 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. The firm’s 50-day simple moving average is C$4.88 and its 200 day simple moving average is C$4.09. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million for the quarter, compared to analyst estimates of C$538.23 million. On average, analysts forecast that CES Energy Solutions will post 0.6553738 earnings per share for the current year.

Insider Activity at CES Energy Solutions

In related news, Director John Michael Hooks sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$4.76, for a total value of C$475,610.00. In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total value of C$708,060.28. Also, Director John Michael Hooks sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$4.76, for a total transaction of C$475,610.00. Insiders sold a total of 498,360 shares of company stock valued at $2,417,920 in the last quarter. Insiders own 2.35% of the company’s stock.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.